Tell JPMorganChase to Stop Funding Big Oil's Expansion
Evidence-based science clearly states that to avoid the increasing impacts of climate change, we must stop the expansion of fossil fuel infrastructure. Yet JPMorganChase continues to bankroll expansion plans for the fossil fuel industry, totaling billions of dollars for Big Oil.
JPMorganChase has made promises to support a transition to a low-carbon economy. However, its current book of business tells a different story, with JPMorganChase being the largest financier of fossil fuel expansion. We are looking at potential decades of carbon emissions that continue to weaken our climate's resilience.
Any plausible scenario to meet global climate goals demands dramatic reductions in fossil fuel use, in this decade and beyond. Meanwhile, funding Big Oil's expansion may take capital away from beneficial forward-thinking green projects. As one of the largest financial institutions in the world, JPMorganChase could be setting the pace by shifting funds into more climate-friendly ventures. Their actions have the power to shift the market and could lead more players in the industry to reconsider their investments in Big Oil.
Time is running out. Urge JPMorganChase CEO Jamie Dimon to stop funding fossil fuel companies' expansion activities.
JPMorganChase, as one of the largest global banks, is in an influential position to help with global sustainability goals to reduce the impacts of dangerous fossil-fueled climate change. Sadly, the bank has instead been reckless, providing hundreds of billions of dollars in financing to the fossil fuel industry since the adoption of the Paris Agreement in 2015, including billions of dollars for fossil fuel expansion.
Per research conducted by the Union of Concerned Scientists, climate change will increasingly adversely affect public health, livelihoods, and critical infrastructure in the United States and around the world. Climate change poses a systemic risk to our economy. By funding more Big Oil expansion projects, JPMorganChase is enabling a long future of climate destruction. In the meantime, renewable energy infrastructure and the modernization of electrical grid projects move slower or grind to a halt due to lack of support.
Your company has communicated to its shareholders that it has set strong sustainability commitments. However, those goals are overshadowed by the bank's continued financing of the fossil fuel industry. As found in the 2025 "Banking on Climate Chaos" report, JPMorganChase is the largest financier of fossil fuel expansion.
